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A competitive, profit-maximizing firm will choose to hire workers up to the point where the value of the marginal product:
a. begins to decrease.
b. is equal to the wage.
c. is equal to zero.
d. is equal to the price of the good being produced.
An economy has a consumption function of C=10+.8Y, investment of 6, government expenditure of 10, exports of 10, and an import function of M=.1Y. What i equilibrium real GDP?
What are the major reasons a multinational corporation would engage in Foreign Direct Investment (FDI)? Explain the factors in Michael Porter's "Five Forces Model" which affect the capability of any firm in an industry to earn the profit.
Assume the firm can produce 5000 units of out put by combining its fixed capital with 100 units of labor and 450 units of raw materials. What are the total cost and average total cost of producing 5000 units of output?
Bertrand solution. How much each of the firms is producing and what is the resulting price and how much each of the firms is producing and what is the resulting price? What are the firms' profits?
Describe the legal environment of business, the sources of American law, and the basis of authority for government to regulate business.Explain basic court procedures, types of courts, and alternative dispute resolution methods.Use technology and in..
Given that Y=900 and want consumption and investment are given through, Fill the entries as you require to answer the questions.
Compute the industry price necessary for firm to supply 10,000, 20,000, and 30,000 pounds. Compute the quantity supplied by the firm at industry prices of $1.50, $2.50, and $3.50 per pound.
Your decision to pursue a higher-level degree is based on investment in human capital. What are the marginal costs and benefits of pursuing additional education and the inherent risks associated with this decision
Why do producers have more interest in government regulations than consumers do? Compare and contrast the public-interest and special-interest theories of economic regulation.
Yolanda owns an art factory in Palermo, Italy. She is thinking of expanding her exports of large-size paintings of Italian cityscapes. She has had little difficulty recruiting new artists to Palermo to work a 40-hour week in the factory.
Write an assembly language subroutine
What is the short run shut down price for each firm and how does this short run shut down price differ from the long run shut down price?
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